Policy of Sustainable Entrepreneurship: A Crowdsourced Framework

Rosina Watson, Kristian Roed Nielsen*, Hugh N. Wilson, Emma Macdonald, Christine Mera, Lucia A. Reisch

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review

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Abstract

Sustainable entrepreneurship can contribute to sustainable development by seeking synergies between social, environmental and economic outcomes, turning market failures into commercial opportunities. However, institutional conditions often act to obstruct sustainable entrepreneurs. While policy is instrumental in shaping conditions for entrepreneurship, how policy can best support sustainable ventures specifically is under-researched. This study uses a novel crowdsourcing approach with multiple actors in the sustainable entrepreneurship ecosystem to explore how policy can create conditions conducive to sustainable entrepreneurship. An emergent multi-level policy framework outlines six mechanisms by which this may be achieved: resource prioritisation, competency building, sustainable market creation, networked sharing, collaborative replication, and impact valuation. These mechanisms enable three interconnected policy objectives: enterprise creation, system transformation, and impact reorientation. The study thereby makes four main contributions to literature on sustainable entrepreneurship and policy. First, it reveals the importance of a ‘meso-level’ of policy that supports the sustainable entrepreneurship ecosystem, complementing micro-level supply-side and macro-level demand-side policies. Second, it proposes a policy focus not just on enterprises and how they are grown, but on sustainability-oriented innovations and how they are replicated. Third, it identifies the need for ‘impact re-orientation’ policies that track and optimise entrepreneurs' individual and collective triple-bottom-line impacts. Fourth, the study exemplifies a promising crowdsourcing method of co-creating policy.
Original languageEnglish
Article number135234
JournalJournal of Cleaner Production
Volume383
Number of pages13
ISSN0959-6526
DOIs
Publication statusPublished - Jan 2023

Keywords

  • Sustainable entrepreneurship
  • Policy
  • Sustainable transitions
  • Institutional conditions
  • Crowdsourcing
  • Policy entrepreneurship

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